Largest lenders in Torrance County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | 21st Mortgage | F | 90 | 25 | 37.8% | 9.77% |
| 2 | Vanderbilt Mortgage and Finance | F | 90 | 7 | 50.0% | 9.50% |
| 3 | Waterstone Mortgage | C | 85 | 58 | 7.1% | 6.88% |
| 4 | Guild Mortgage | A | 38 | 26 | 7.9% | 7.13% |
| 5 | Sunward Federal Credit Union | B | 34 | 13 | 38.2% | 6.88% |
| 6 | Rocket Mortgage | C | 33 | 17 | 39.4% | 6.75% |
| 7 | United Shore Financial Services | B | 28 | 18 | 25.0% | 6.55% |
| 8 | Primary Residential Mortgage | C | 24 | 18 | 0.0% | 6.63% |
| 9 | Mortgage Research Center | C | 21 | 13 | 14.3% | 6.25% |
| 10 | Directors Mortgage | B | 20 | 12 | 25.0% | 6.93% |
| 11 | Southwest Stage Funding | F | 19 | 6 | 21.1% | 6.81% |
| 12 | U.S. Bank | D | 16 | 2 | 68.8% | 7.98% |
| 13 | Equity Prime Mortgage | D | 14 | 7 | 0.0% | 7.25% |
| 14 | Freedom Mortgage | B | 13 | 2 | 7.7% | 5.75% |
| 15 | American Pacific Mortgage | C | 12 | 6 | 41.7% | 7.88% |
| 16 | Broker Solutions | D | 12 | 2 | 8.3% | 6.50% |
| 17 | CMG Mortgage | A | 11 | 8 | 0.0% | 6.25% |
| 18 | Loandepot.Com | D | 11 | 6 | 36.4% | 6.62% |
| 19 | BOKF | D | 10 | 8 | 10.0% | 6.88% |
| 20 | AmeriSave Mortgage | D | 10 | 1 | 80.0% | 6.63% |
| 21 | Credit Human Federal Credit Union | D | 10 | 0 | 100.0% | — |
| 22 | Plaza Home Mortgage | C | 9 | 7 | 22.2% | 6.13% |
| 23 | Nusenda | D | 9 | 5 | 11.1% | 7.94% |
| 24 | Navy Federal Credit Union | D | 9 | 1 | 22.2% | 5.75% |
| 25 | Guaranteed Rate | B | 8 | 0 | 12.5% | — |
Best approval odds in Torrance County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Waterstone Mortgage | 64 | 9.4% |
| 2 | 21st Mortgage | 61 | 55.7% |
| 3 | Vanderbilt Mortgage and Finance | 55 | 81.8% |
What Torrance County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Torrance County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 555 | 225 | 26.9% | 7.25% | $155,000 |
| 2024 | 693 | 270 | 33.5% | 7.13% | $145,000 |
| 2025 | 845 | 355 | 26.2% | 6.88% | $155,000 |
Frequently asked questions
26.2% of applications in Torrance County were denied in 2025, against 18.6% statewide in New Mexico.
21st Mortgage, with 90 applications in 2025 and a denial rate of 37.8%.
The median mortgage application in Torrance County in 2025 was for $155,000; the median property value on originated loans was $245,000.